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The secret of the coin business is so easy...

SoCalBigMarkSoCalBigMark Posts: 2,786 ✭✭✭✭✭
in U.S. Coin Forum

Know who to sell what.

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    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    IPA is the drink of the day...

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    jmlanzafjmlanzaf Posts: 31,891 ✭✭✭✭✭

    Actually, I think it is simply "buy low, sell high"

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    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    Buy low, professionally image the coin, sell high!

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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Coinstartled said:
    IPA is the drink of the day...

    The FIRST drink of the day.

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    oih82w8oih82w8 Posts: 11,896 ✭✭✭✭✭

    Knowing who to sell to does have it's advantages...know your audience.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
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    LeeBoneLeeBone Posts: 4,315 ✭✭✭✭✭

    @jmlanzaf said:
    Actually, I think it is simply "buy low, sell high"

    Beat me to it :)

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    I won't buy anything to flip that doesn't fit my collection in case it doesn't sell unless I have a home for it prior to purchase.

    It used to be phone calls but in the last couple years texting & phone pics have pre sold many things before I even reached for my wallet to purchase them.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    rickoricko Posts: 98,724 ✭✭✭✭✭

    The secret to the coin business... from my personal perspective.... is to have a coin I want... :D;) Cheers, RickO

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    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I think it is turning over inventory quickly at a profit.

    WAIT Even better, should be having two or more collectors with unlimited money who will buy anything you offer them to at whatever the price you say! :)

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    TwoSides2aCoinTwoSides2aCoin Posts: 43,837 ✭✭✭✭✭

    Shhhhhhhhh. Why so loud ?

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    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
    I'll never spill the beans.

    B)

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    PTVETTERPTVETTER Posts: 5,880 ✭✭✭✭✭

    If you want to make money ,don't do the following.
    Pay taxes on your profit
    Pay license fees
    Pay rent
    Table fees
    Travel expenses

    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


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    PerryHallPerryHall Posts: 45,415 ✭✭✭✭✭

    In the pre-slab era it was: rip em, dip em, flip em, and ship em.

    Worry is the interest you pay on a debt you may not owe.

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    Coin FinderCoin Finder Posts: 6,953 ✭✭✭✭✭

    Make more than you spend, keep positive cash flow at all times..

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    YouYou Posts: 141 ✭✭✭

    That's all very nice, but I think the real secret of the coin business is to have a lot of money to begin with.

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